Pave Bank completes $39 million Series A financing, led by Accel

according to The Block, Pave Bank, a programmable bank built for the era of digital assets and artificial intelligence, has completed a $39 million Series A funding round, led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, and others.

Pave Bank prides itself on being a commercial bank aimed at serving clients with dual needs for fiat and digital assets. This bank, licensed in Georgia, stated that it will use the funds to "expand regulatory coverage, accelerate product development, continue building institutional-grade infrastructure, and broaden its customer reach in global markets."